The New Zealand dollar rose slightly higher in early trading. Previously, New Zealand's ruling National Party took a leading position in the weekend elections and is expected to continue in power. The New Zealand dollar once rose 0.51% against the US dollar to $0.5572, rebounding from the one-year low hit last week. The yield on New Zealand's 2-year and 10-year treasury bonds did not change much. The National Party won more seats than the Labor Party, but voters' support for the National Party weakened while strengthening its right-wing partners. After this stalemate election, the market's focus is now on cabinet formation negotiations and the composition of the next government.

The New Zealand dollar rose slightly higher in early trading. Previously, New Zealand's ruling National Party took a leading position in the weekend elections and is expected to continue in power. The New Zealand dollar once rose 0.51% against the US dollar to $0.5572, rebounding from the one-year low hit last week. The yield on New Zealand's 2-year and 10-year treasury bonds did not change much. The National Party won more seats than the Labor Party, but voters' support for the National Party weakened while strengthening its right-wing partners. After this stalemate election, the market's focus is now on cabinet formation negotiations and the composition of the next government.